Real Estate Management and Development
Company Overview of Akademiska Hus AB
Akademiska Hus AB, a state-owned property company, builds, develops, manages, and leases properties for universities and colleges in Sweden. It focuses on education and research buildings. The company’s customers include research institutes and research-intensive companies, as well as state-owned authorities, municipal authorities, institutions and foundations, service operations, and other organizations that have a link to its campuses. As of September 30, 2014, it had approximately 3.2 million square meters of rentable space. The company was founded in 1992 and is headquartered in Gothenburg, Sweden.
Gothenburg, 401 27
Founded in 1992
Key Executives for Akademiska Hus AB
Chief Executive Officer and President
Chief Procurement Officer
Acting Director of Accounting & Finance
Chief Information Officer and Director of Communications
Compensation as of Fiscal Year 2015.
Akademiska Hus AB Key Developments
Akademiska Hus AB Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 17 15
Akademiska Hus AB announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported rental revenue of SEK 1,389 million compared to SEK 1,373 million a year ago. Net operating income increased by SEK 62 million to SEK 973 million compared to SEK 911 million as a result of increased rental revenue and lower costs primarily for property administration.
For the six months, the company reported revenue of SEK 2,742 million compared to SEK 2,745 million a year ago. Net operating income totalled SEK 1,875 million compared to SEK 1,859 million a year ago. Profit before tax for the period amounted to SEK 2,880 million compared to SEK 2,542 million a year ago. Profit for the period was SEK 2,246 million compared to SEK 1,995 million a year ago. The increase can be attributed to improved net interest income and expense. The yield (excluding properties under construction) was 6.6% compared to 6.9% on a full-year basis. The decline can be explained by an increase in property value while net operating income remained unchanged. Return on operating capital was 7.0% compared to 7.3% on a full-year basis.
Akademiska Hus AB Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 1 15
Akademiska Hus AB reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's rental revenue was SEK 1,353 million compared to SEK 1,372 million a year ago. Net operating income was SEK 902 million compared to SEK 953 million a year ago. Profit before tax was SEK 1,211 million compared to SEK 653 million a year ago. Profit was SEK 944 million compared to SEK 507 million a year ago. Profit per share after dilution was SEK 442 compared to SEK 237 a year ago.
Akademiska Hus AB, Annual General Meeting, Apr 28, 2015
Apr 28 15
Akademiska Hus AB, Annual General Meeting, Apr 28, 2015. Location: at the University of Gothenburg.
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